U.S. propane/propylene inventories posted a 5.4 MMbbl draw for the week ended February 6 — outpacing industry expectations for a 4.2 MMbbl decline and topping the five-year average draw of 3.6 MMbbl by 1.8 MMbbl. Despite the stronger-than-normal pull, total stocks remain historically elevated at 77.3 MMbbl, standing 18.4 MMbbl (31%) above the same week last year, 10.9 MMbbl (17%) above the five-year maximum, and 22.2 MMbbl (40%) above the five-year average. The weekly draw trimmed inventories, though overall stock levels remain historically high.
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Propane Inventory Draw Meets Weak Exports and Storm Impacts
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